Continuing its transatlantic buying spree, following its takeover of Virgin Media in the UK and acquisition of a 27.3 per cent stake in Charter Communications in the US, broadband cable MSO Liberty Global has acquired 25.3 million shares in Ziggo, the largest cable operator in the Netherlands from Barclays Capital Securities Limited at €25.00 per […]
UK cable operator Virgin Media has been hit with a $100 million lawsuit in a New Jersey, US court. The plaintiff is investment manager W R Huff Asset Management, and they are alleging that they supplied Virgin (and its predecessors) with crisis management advice and in particular aided Telewest Communications and NTL with bankruptcy advice. […]
KT, the Koreaan telco, and cloud infrastructure services provider Akamai Technologies, have confirmed they will expand their strategic partnership. KT has agreed to leverage technology from Akamai to provide CDN services to its customers in Korea. Using Akamai’s Aura Managed CDN, KT will have dedicated CDN capacity that is available for its own content applications […]
CBS and Lionsgate have entered into a 50/50 partnership for the US entertainment cable network TVGN and the website TVGuide.com. The basic cable network, available in more than 80 million homes, will continue to be entertainment-focused, with a specific rebranding and programming strategy to be announced at a later date. The venture will combine CBS’s […]
Netgem’s current operating profit for 2012 amounted to €12.3 million (-3 per cent compared to 2011) or 15 per cent of full-year revenue of €81.2 million (-4 per cent compared to 2011). Gross margin for 2012 amounted to €30.2 million (37 per cent of revenue) as compared to €32.4 million in 2011 (38 per cent […]
BSkyB and BT have teamed up to force rival Virgin Media to drop an advert that claimed that its broadband is “unlimited”, after the advertising watchdog found that heavy users could find their download speeds cut by up to 50 per cent. Virgin Media, which claims it can outpace rivals by offering customers superfast Internet […]
The FTTH Council Europe has welcomed the proposed cost reduction regulation to reduce the roll out of fibre-to-the-home (FTTH) in Europe. The FTTH Council Europe has pledged to review the proposed text and to work with legislators to provide information, support and advice as deliberations of the Regulation begin. The FTTH Council Europe believes that […]
The European Commission has proposed new rules to cut by 30 per cent the cost of rolling out high-speed Internet. Civil engineering, such as the digging up of roads to lay fibre, accounts for up to 80 per cent of the cost of deploying high-speed networks. The proposal may save companies €40 to 60 billion. […]
Scottish communities across the Highlands and Islands are set to get access to high speed fibre broadband for the first time as part of £145.8 million (€180m) initiative. The project is being led by Highlands and Islands Enterprise (HIE) and will be delivered by BT. It is being funded by £126.4 million of public money […]
New ISP Hyperoptic is throwing down the gauntlet to the UK’s other broadband providers by offering home connections at one gigabit per second. The start-up claims its top-speed service is 10 times faster than rival packages from BT and Virgin Media, with users able to download a HD movie in seconds. Hyperoptic has already installed […]